Brambles

Brambles reported a 2% revenue increase and a 4% rise in adjusted profit for fiscal 2026 (an 11% increase excluding US repair bottlenecks), and for the second consecutive year generated free cash flow before dividends of more than $1 billion. Problems with repair capacity in the US reduced results by $90 million, but since June no customer orders have been missed. For 2027 management expects revenue growth of 2–4% and adjusted profit growth of 2–6%, with the US issue likely to weigh on the first half by $35–55 million. The stock fell in premarket trading as investors weigh cash generation and margin progress against short-term US risks. » More on de.investing.com

S&P Global Ratings has raised Brambles’ rating to A-, citing a strengthened market position in pallet pooling, improved asset efficiency, lower capital intensity and reduced operating costs. Brambles’ EBIT margin rose to around 21% in fiscal 2025, leading to higher free operating cash flow and improved return on capital. S&P highlights the company’s global network scale and high barriers to entry, and expects a leverage ratio below 1.5x over the next two years; any further upgrade or downgrade will depend on leverage developments. » More on de.investing.com